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Acumatica User Group (AUG) – Defining and Developing Your Accounting Closing Procedures for Acumatica

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Acumatica User Group (AUG) – Defining and Developing Your Accounting Closing Procedures for Acumatica

November 12, 2020 @ 1:00 pm - 2:00 pm

Acumatica User Group Event

Acumatica User Group (AUG) – Defining and Developing Your Accounting Closing Procedures for Acumatica

A major goal of the Acumatica User Group is to bring users together to collaborate on these and other topics.  This session will also provide a great opportunity for Acumatica User Group Members to take these topics to the community forum to start collaborating on topics that are important to you.

This session will cover monthly and annual closing procedures that should be completed to increase the reliability of your accounting data.  To generate reliable financial statements it is important to have formalized processes and closing procedures.  Many companies do not have a formal controllership role and therefore lack procedures to ensure the reliability financial balances and subsidiary module details.  While there are steps to run in Acumatica and other related systems, your procedures should go beyond processes in the software. Your procedures will be signature to your organization and include reconciliations, account analysis, exception reporting to ensure that balances are materially correct.

Our intent is to provide an overview that will help you chart out a plan for continual improvement.  This is an ongoing process that requires discipline to implement to meet your organizational needs.  Note that there is no one process or checklist that everyone should follow, so consider this the beginning of a work in process for you and your team.  An end goal of these improvements should be to increase the reliability of your financial statements so that your executive management as well as your external accounting, audit and tax professionals can increase reliance on your reported financial results.

Agenda Overview:

  1. We will start with the General Trial Balance and related closing procedures.
  2. Discuss and review processes for financial subsidiary modules of Accounts Payable, Accounts Receivable and Cash Management.
  3. Discuss and review processes for Distribution Modules.
  4. Provide a related overview of subsidiary modules of Manufacturing, Project Accounting and Service Management.
  5. Provide an overview of considerations for integrations from external systems such as third party provisioning, billing, e-commerce and other systems.

Please join us for this session and then let’s begin collaborating as a team.

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November 12, 2020
1:00 pm - 2:00 pm
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4780 Ashford Dunwoody Rd
Ste 540-358
Atlanta, GA 30338.
Telephone: +1 800 818 0574
FAX: +1 770 649 0304

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